Tag Archives: internet

I imagine with all the talk of what we are wanting to do, you are probably wondering how. Of course while a ground-up solution may be called for, what point is there when their exists a service to fill the need? Of course I’m talking about how the wallet service that has agreed to essentially be our back-end. I would like to introduce to you Inputs.io. I won’t attempt to sum up what makes them so special, I’ll let their own FAQ speak for them.

If you have noticed our tip link at the end of most posts, you’ll see that I use them in addition to my offline wallet. With an established wallet service run by the same people who run CoinLenders, we figure this is a partnership that cannot lose.

We also plan to automate as much of the process of account approvals (for sellers and network affiliates) as we can and, through a user feedback system, be self-policing against inappropriate and illegal content. Most likely this will also mean we will have to set up someone to accept and review DMCA take-down notices. To be an effective service, we cannot ignore the realities of the world we live in, regardless if we agree with the laws as they exist. One of those realities is in copyright law and how it’s (ab)used. In order for us to offer the best service we can, we have to tread the waters very carefully but this doesn’t mean you the seller needs to be hampered as well, especially if you’re just selling your own creations.

That’s all I have for you folks today, I really hope you’ll consider a tip to help us get going.

It looks as if Argentina might – unintentionally – lead the way with wide-spread adoption of BitCoins at the national level, which his good for everyone, honestly, except perhaps the government of Argentina.

With such wide-spread adoption of BitCoins in that country, though, comes some questions I have asked myself and the answer to which I find unsatisfactory: Why are BitCoins being so slow to be adopted by more industrialized nations? Are their economies so strong as to not allow for the wide-spread adoption (no need seen)? Or are there technological limitations? With Argentina leading the way, I think the answer is no on that too. I think the issue with BitCoins is that they are seen as a frynge currency system. Only for “geeks” and “hackers” and people familiar with computers. People don’t understand how to use them, how to get them, or where to use them. It’s all slowly changing, of course. Physical businesses all over the world are accepting BitCoins not just online but in store. With apps for smartphones, physical coins with a specific amount of coins ‘attached’ to them, and even pre-loaded credit/debit cards are paving the way for wide-spread adoption. Unfortunately the market for them still is grey and underworldly in terms of where they are used the most right now. Gambling, pornography, and other such sites readily accept the currency because of its ease of use and privacy features.

I read another article today, part one of an interview with Jeff Garzik and in which he (Jeff) mentioned one of the limitations of BitCoin as a payment and really probably the only thing that will have to be addressed to really see it launch: BitCoin is a push-pay system and not a pull-pay (like current credit and debit cards) system. What this means is that for a payment to be sent out, the buyer has to push the payment out over the network instead of providing an address from which payment can be pulled. I won’t speak on the technical hurdles that might keep us from seeing such a system implemented, I only mention it because I think it’s one of the few limitations that will keep us from really seeing this new currency take off.

Here at BitSale we’re not looking to really revolutionize too much, we’re just trying to get things rolling to make the transfer of coins for digital goods that much easier. What we see lacking aren’t technical limitations on the currency but limitations in the amount of places looking to provide what we provide, and that will just be the beginning.

If you believe in our vision and would like to see us succeed, feel free to leave a tip to help us along. Eventually we’ll get a tip jar to help you visualize how far along we are in making this a reality.